Good Deal for FD

• JerryJan

  17 Sep 10, 13:56

  deposit $5k, 1 mth mature interest $1k, total can get $6k in 1 mth

• JerryJan

  17 Sep 10, 14:15

  I going to sign FD now be4 bank close at 3pm

• βέτά

  17 Sep 10, 19:15

   

  Which bank?

   

  I want to deposit too.

   

   

• JerryJan

  18 Sep 10, 06:32

  Reputable bank with insurance - 100% principal protected

• βέτά

  18 Sep 10, 08:56

   

  If there is any truth in this, the interest would be 792% (p.a.)

   

  I think all loansharks would put all their money into this fixed deposit of yours.

   

  If you deposit $15,000 for 24 months, you will be a millionaire.

   

   

• JerryJan

  18 Sep 10, 10:38

  Originally posted by βέτά:

   

  If there is any truth in this, the interest would be 792% (p.a.)

   

  I think all loansharks would put all their money into this fixed deposit of yours.

   

  If you deposit $15,000 for 24 months, you will be a millionaire.

   

   

   I wan to be a millionaire

• Asromanista2001

  21 Sep 10, 15:56

  must be in one of those super volatile emerging currencies.............when stock markets crash again, the losses in value of the currency will be much more than the interest.........

   

  anyway, give more details lah........can make a lot if you get timing right and the high interest can be a hedge too...........

• JerryJan

  25 Sep 10, 09:17

  Tis FD come with a Insurance Policy for 15 yrs

  return is 2.5 % annually

  saving plan with principal amount fully protected

• likeyou

  25 Sep 10, 09:27

  Hi Aunti Jan, is it true? Which bank? Can reveal here or pm me?

  Supposing I put $100,000 for 5 mths, I will get $20,000 profits in 6 mth time?

• bladez87

  25 Sep 10, 10:44

  share leh which fd so good?

• Devil7030

  25 Sep 10, 11:34

  Ya hor, you give them $5,000 and expect to get $6,000 back one month later.

   

  Sekali, this will be the last time you see them and your money lor.

   

   

   

• JerryJan

  25 Sep 10, 14:14

  Bank been around for > 100 yrs

  won't run away de

   

• βέτά

  25 Sep 10, 14:30

   

   

  Lehman Brothers and Merrill Lynch both add up also have 250 years, but both went belly up also.

   

   

• βέτά

  25 Sep 10, 14:31

   

   

  Don't forget Barings also.

   

  Long history does not equate to safety.

   

   

• JerryJan

  25 Sep 10, 14:43

  Originally posted by βέτά:

   

   

  Lehman Brothers and Merrill Lynch both add up also have 250 years, but both went belly up also.

   

   

  Lehman Brothers and Merrill Lynch both are not local Bank, for god sake  

• Mvp30sg

  25 Sep 10, 15:44

  Originally posted by JerryJan:

   

  deposit $5k, 1 mth mature interest $1k, total can get $6k in 1 mth

  BUT

  Tis FD come with a Insurance Policy for 15 yrs

  return is 2.5 % annually

  saving plan with principal amount fully protected

  So this is the catch...

   

• Asromanista2001

  25 Sep 10, 17:00

  unless JerryJan can tell us which bank or company...................i smell a scam................

   

  no sane and legal company or bank can afford or will they pay out 20% a month....................

• Asromanista2001

  25 Sep 10, 17:02

  if they can pay out 20% a month..................they wouldn't even need your money in the 1st place.............

  they'll have to make minimum 40-50% a month from your deposit......................

• βέτά

  26 Sep 10, 20:21

  Originally posted by JerryJan:

  Lehman Brothers and Merrill Lynch both are not local Bank, for god sake  

   

  Seems like you have more confidence in Singapore's financial system than folks at MAS.

   

  FYI, 2.5% return annually for your insurance means you might not even cover inflation.

   

   

  It might come as a surprise to some Singaporeans that, until recently, their deposits in banks and finance companies were not insured.
  
  Singaporeans take for granted that their savings will be completely safe as the financial system here is widely seen to be well-regulated and well-managed.
  
  Their faith in the system is understandable. But it does not take into account the changing global financial landscape.
  
  While our banking system remains sound, things can go wrong in today's complex and globalised environment.
  
  International experience has shown that banks can fail and depositors can lose their savings even in reputable and well- supervised jurisdictions.
  
  Although Singapore has not had a bank failure, there is no guarantee that a bank failure will never occur.

  
  

• Fryderyk HPH

  26 Sep 10, 20:35

  Originally posted by βέτά:

   

  Seems like you have more confidence in Singapore's financial system than folks at MAS.

   

  FYI, 2.5% return annually for your insurance means you might not even cover inflation.

   

   

  It might come as a surprise to some Singaporeans that, until recently, their deposits in banks and finance companies were not insured.
  
  Singaporeans take for granted that their savings will be completely safe as the financial system here is widely seen to be well-regulated and well-managed.
  
  Their faith in the system is understandable. But it does not take into account the changing global financial landscape.
  
  While our banking system remains sound, things can go wrong in today's complex and globalised environment.
  
  International experience has shown that banks can fail and depositors can lose their savings even in reputable and well- supervised jurisdictions.
  
  Although Singapore has not had a bank failure, there is no guarantee that a bank failure will never occur.

  
  

  I'd rather sign up for the 2.xx% bonds that the MAS and SIA are opening to the public...

• GHoST_18

  26 Sep 10, 20:54

  a victim of misrepresentation..

  a victim of mis-selling...

   

  sounds more like an insurance product than bank product...

  FYI... not all products bought from the banks are bank's products...

  

• FireIce

  26 Sep 10, 20:59

  there is no free lunch.
  
  愿者上钩

   
  
  i think i know which one
  the guy was telling me or asking me, rather, if i want free money
  I just said, "i dont believe u" and walk on

• Asromanista2001

  6 Oct 10, 00:31

  Originally posted by FireIce:

  there is no free lunch.
  
  愿者上钩

   
  
  i think i know which one
  the guy was telling me or asking me, rather, if i want free money
  I just said, "i dont believe u" and walk on

  then tell us which one lah then can do some more research mah....................

   

  after that, i'll borrow from banks and throw every single cent i got into this thing..................

• βέτά

  6 Oct 10, 00:41

   

  Temple giving out free lunches everyday.

   

   

• JerryJan

  1 Nov 10, 04:08

  I put in FD for 3 mths can get 99.99 % interest

  or put for 2.5 yrs guarantee principal with interest at 5 %

  but nowaday no more such good deal